Houston Community News >>
10/18/2008-- They're Chinese cities so far
in the boonies that Lonely Planet doesn't even bother to mention them in
its popular travel guide. But Wal-Mart has found them, as the company
makes an aggressive push into China's smaller markets.
China's economic growth is rapidly spreading out from the main cities like Beijing and Shanghai into the hinterlands, where the middle class is taking off. In a report last year, the consulting firm A.T. Kearney said 75 percent of the middle market is expected to be in tier-two and tier-three cities by 2017.
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China's economic growth is rapidly spreading out from the main cities like Beijing and Shanghai into the hinterlands, where the middle class is taking off. In a report last year, the consulting firm A.T. Kearney said 75 percent of the middle market is expected to be in tier-two and tier-three cities by 2017.
Click here to read more
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